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Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of the UAE’s capital has launched the Crypto Hub at Abu Dhabi Finance Week (ADFW) 2022 .

Given the rapid emergence of new virtual assets such as cryptocurrencies and other related assets, ADGM is leading the way to introduce progressive frameworks and regulations around these technologies and developments, a statement said.

Meanwhile, holding its third day of sessions and panel discussions, ADFW under the theme of “Crypto Abu Dhabi”, facilitated the assembly of the global crypto, blockchain and decentralised finance entities and elaborated on some of the most disruptive financial technology of our age, while also discussing and planning the long-term growth and development goals of an exciting, dynamic and forward-looking sector of the financial industry.

Another milestone launch at the event was the “The Future of Finance” youth circle, which included various elements and activities around it to enable communication related to finance between leadership and young individuals. These communications facilitated the transfer of knowledge, inspiring them to start their careers in the financial sector led by Hamad Sayah Al Mazrouei, COO of ADGM and managing director of ADGM Academy, Mohamed Abdelbary, group chief financial officer of Abu Dhabi Islamic Bank (ADIB) and James Buchanan, partner and co-founder at SAF Partners.

The agenda of the day focused on the underlying blockchain and cryptography technologies that drive innovation, and accessing these financial assets through applications, broadly covering key topics related to new-age finance including decentralised finance, trading, cryptocurrencies, blockchain tech, Web3, tokenisation and NFT, wallets and smart contracts.

Feroz Sanaulla, partner and global co-head Crypto Economy at Roland Berger, said, “At Roland Berger we have a holistic view on the crypto economy spanning future of finance, tokenisation, metaverse/Web3, mining and digital identity. Abu Dhabi’s leadership via ADGM FSRA has created a regulated environment of innovation and forward thinking and we are seeing many large corporates now focusing on developing their own Crypto Economy strategies regionally.”

Read: Gulf Business enters non-fungible token space, launches GB Crypto NFT

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